TENANCY RENEWAL AGREEMENT
This Agreement is made on [Date] between [Lessor] and [Lessee]
- Parties. This Renewal Agreement is between [Owner Name], R/o [Address] (the "Lessor") and [Tenant Name], R/o [Address] (the "Lessee").
- Recital. The parties had entered into a Rent Agreement dated [Original Date] for the premises described below, which is now being renewed.
- Property Description. The premises are [Flat/Unit No., Locality, City, PIN], admeasuring [Area], as per the original agreement.
- Renewed Term / Duration. The tenancy is renewed for a further period of [11 months] from [Renewal Start Date] to [Renewal End Date].
- Revised Rent & Escalation. The revised monthly rent is Rs. [Amount] (escalated by [10]% over the previous rent), payable by the [5th].
- Security Deposit. The existing deposit of Rs. [Amount] shall [continue / be topped up by Rs. [Amount]] and remain refundable on vacation.
- Use. The premises shall continue to be used for [residential/commercial] purposes only, without sub-letting.
- Maintenance & Utilities. The maintenance and utility arrangements under the original agreement shall continue during the renewed term.
- Continuation of Terms. All other terms of the original Rent Agreement dated [Original Date] shall remain in force except as modified herein.
- Notice. Either party may terminate the renewed tenancy by [one] month's written notice.
- Termination. The Lessor may terminate on default in rent or breach of terms, requiring the Lessee to vacate.
- Stamp Duty & Registration. Stamp duty and registration of this renewal, where applicable, shall be borne by the [Lessee].
- Governing Law. This Agreement is governed by Indian law, subject to courts at [City].
IN WITNESS WHEREOF the parties have signed this Renewal Agreement on the date first written above.
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[Lessor]
[Lessor]
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[Lessee]
[Lessee]
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Witness 1: [Name & Address]
Witness 1: [Name & Address]
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Witness 2: [Name & Address]
Witness 2: [Name & Address]